China: Wood Products Annual

The People’s Republic of China (PRC) wood manufacturing sectors are facing significant headwinds including rising costs, weakening economic conditions, COVID-19 related disruptions to operations, and increasing international competition. China’s wood product imports are forecast to decline significantly in 2022 due to weak market demand, particularly in the housing sector, and logistics challenges. Recently released draft implementation regulations of the 2020 Forest Law do not stipulate any changes to existing PRC timber import policies and could leave the PRC as the world’s top importer of illegal timber, a major cause of illegal deforestation.